Price Action Analysis On the Daily Timerame, U.S. Dollar / Canadian Dollar has moved above the EMA200, indicating a bullish trend. Simultaneously, The chart forms a symmetrical triangle pattern, usually a sign of trend continuation. The MACD Indicator/Histogram turns positive, signaling a possible bullish bias ahead. If there's a breakout of the symmetrical in the future, USDCAD may reach the second target (Fibonacci Ratio Area).
The roadmap will be invalid after reaching the target/support area.
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"Disclaimer: The outlook is only for educational purposes, not a recommendation to put a long or short position on the USD/CAD"
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USDollar Breakout, Otw First target
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The Markets aren't going anywhere in many instruments, including this pair. Still waiting for the right momentum and trend to come again :)